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Copper Mountain Mining Co.. (TSE:CUM) was downgraded by investment analysts at Mackie from a “buy” rating to a “hold” rating in a note issued to investors on Thursday. They currently have a C$3.10 price target on the stock, up from their previous price target of C$2.70. Mackie’s price target suggests a potential upside of 2.65% from the company’s current price.

A number of other firms have also recently commented on CUM. Analysts at Desjardins cut their price target on shares of Copper Mountain Mining Co.. from C$2.85 to C$2.80 in a research note on Wednesday. They now have a “hold” rating on the stock. Separately, analysts at Canaccord Genuity raised their price target on shares of Copper Mountain Mining Co.. to C$3.25 in a research note on Wednesday. Finally, analysts at Scotiabank cut their price target on shares of Copper Mountain Mining Co.. from C$3.10 to C$3.00 in a research note on Monday, May 5th. They now have an “outperform” rating on the stock. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of C$2.99.

Copper Mountain Mining Co.. (TSE:CUM) traded down 0.66% during mid-day trading on Thursday, hitting $3.00. The stock had a trading volume of 1,023,672 shares. Copper Mountain Mining Co.. has a 1-year low of $1.36 and a 1-year high of $3.15. The stock’s 50-day moving average is $2.42 and its 200-day moving average is $2.12. The company’s market cap is $349.0 million.

Copper Mountain Mining Co.. (TSE:CUM) last issued its quarterly earnings data on Monday, May 5th. The company reported $0.07 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.04 by $0.03. On average, analysts predict that Copper Mountain Mining Co.. will post $0.22 earnings per share for the current fiscal year.

Copper Mountain Mining Corporation is engaged in the in the business of mineral exploration, development and operation of mineral deposits.

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